Mastering Double Win: A Guide to Volatility-Driven Returns

Double Win is a non-guaranteed returns structured product that allows you to profit from significant price movements in either direction. The concept is straightforward: if the settlement price breaks beyond your preset range, you earn returns; if it stays within that range, you lose your initial investment. This makes double win particularly attractive when you expect strong market action but lack directional conviction.

What Makes Double Win Different: Core Principles

Unlike traditional investments that aim to preserve capital, double win embraces volatility as an opportunity. Your maximum loss is limited to your investment amount—you cannot lose more than you put in. However, your profit potential expands as the underlying asset moves further from your established boundaries. This dynamic creates an interesting trade-off: greater protection against complete loss, but zero returns if the market moves sideways.

Double win works best in two key situations:

• Pre-event trading: Before major economic announcements or industry milestones when you anticipate significant price swings but the direction remains uncertain
• Volatility plays: When market conditions suggest potential spikes in price movement, allowing you to amplify returns through leverage or hedge against unexpected turbulence

How Price Movements Generate Returns in Double Win

The mechanics of double win involve setting an upper and lower price boundary when you subscribe. At expiration, the settlement price determines your outcome based on three distinct scenarios:

Scenario 1 - Price Surges Above Upper Boundary: You receive your initial investment plus leveraged gains calculated from how far the price exceeded your upper limit. The formula is: Investment Amount + (Leverage × Investment Amount × (Settlement Price - Upper Boundary) / Entry Price).

Scenario 2 - Price Drops Below Lower Boundary: You receive your initial investment plus leveraged gains based on how far the price fell below your lower limit. The formula becomes: Investment Amount + (Leverage × Investment Amount × (Lower Boundary - Settlement Price) / Entry Price).

Scenario 3 - Price Stays Between Boundaries: Your position expires worthless. The entire investment amount is lost.

The leverage multiplier in double win isn’t fixed—it adjusts based on remaining time until settlement, the width of your chosen range, and current asset volatility. A tighter range or higher volatility typically requires lower leverage to manage risk.

Practical Example: Calculating Double Win Payoffs

Let’s walk through a concrete scenario. Imagine you purchase a BTC double win contract with these parameters:

• Investment: 500 USDT
• Entry Price: 27,050 USDT
• Leverage: 20x
• Range: ±200 USDT (Upper: 27,250 USDT / Lower: 26,850 USDT)
• Expiration: Future settlement date

Winning Outcome 1 - Upside Breakout: If BTC settles at 27,500 USDT, your payoff calculates as: 500 + 20 × 500 × (27,500 - 27,250) / 27,050 = 592.42 USDT

You recover your principal plus an additional 92.42 USDT profit.

Winning Outcome 2 - Downside Breakout: If BTC settles at 25,000 USDT, your payoff calculates as: 500 + 20 × 500 × (26,850 - 25,000) / 27,050 = 1,183.92 USDT

You recover your principal plus significantly larger gains (1,183.92 USDT total) because the price moved further from your boundary.

Losing Outcome: If BTC settles at 27,000 USDT (within the 26,850-27,250 range), your payoff is zero. You lose the entire 500 USDT investment.

Notice how profit increases as the settlement price diverges further from your range—this is the core appeal of the double win structure.

Classic vs Custom: Choosing Your Double Win Strategy

Double win offers two operational modes tailored to different trader preferences:

Classic Mode provides pre-configured contracts with preset ranges and parameters. This approach suits traders who want quick execution without customization, offering simplicity and standardized leverage terms. You select from available templates and place orders immediately.

Custom Mode grants you complete control over product parameters. You define your profit range based on your market outlook, submit a Request for Quotation (RFQ), and receive a personalized quote reflecting your specific inputs. This flexibility lets you precisely match the product to your volatility expectations and risk tolerance. The payout mechanics remain identical to classic mode—you still win only if the price breaks beyond your boundaries.

The choice between modes depends on your comfort level: prioritize speed with classic, or precision with custom double win specifications.

Critical Limits and Risk Management in Double Win

Before committing capital to double win, understand these essential constraints:

Investment Cap: The maximum single contract size is currently 500 USDT. This limit standardizes risk exposure across the platform.

Irrevocable Orders: Once your double win subscription is confirmed, the position cannot be modified or cancelled. Your parameters are locked in until expiration. Plan your entries carefully, as early exits aren’t possible.

Principal Risk: Double win is explicitly non-principal-protected. If the settlement price lands within your range, you forfeit 100% of your investment. There is no partial recovery—it’s an all-or-nothing outcome for centerbound price action.

Leverage Adjustment: The leverage multiplier varies dynamically based on time decay, range width, and volatility conditions. Understand that your potential return depends on these real-time factors, not just the leverage you observe at purchase.

The double win structure rewards decisive traders with accurate volatility forecasts. However, it penalizes those who miscalculate range selection or hold incorrect directional bias. Treat this product as an advanced tool requiring careful position sizing and realistic expectations about winning probabilities.